Gold prices heading for weekly gains; import tariffs on gold bars?
Investing.com - Raymond (NSE:RYMD) James has lowered its price target on Par Pacific Holdings (NYSE:PARR) to $36.00 from $38.00 while maintaining an Outperform rating on the stock. The company, currently valued at $1.43 billion, has seen its shares surge nearly 86% year-to-date, according to InvestingPro data.
The firm cited current macro volatility but noted that Par Pacific has "solid upside potential" as the company navigates an evolving backdrop and executes on key priorities, including refining optimization and SAF project sell-down. This aligns with InvestingPro analysis, which shows 5 analysts have recently revised their earnings estimates upward for the upcoming period.
Par Pacific reported second-quarter adjusted earnings per share of $1.54, exceeding Raymond James and Street estimates of approximately $0.95 and $0.90, respectively. Adjusted EBITDA reached $138 million, surpassing analyst expectations of $108 million to $106 million.
The company’s refining segment delivered impressive results that exceeded Raymond James’ model with higher volumes and margins. Retail EBITDA also outperformed forecasts due to lower costs and higher volumes, while the Logistics segment performed in line with estimates.
Par Pacific conducted approximately $28 million in share buybacks during the second quarter, which Raymond James described as "surprising to the upside" and demonstrative of the company’s "opportunistic approach." InvestingPro data confirms management’s aggressive share buyback strategy, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of PARR and 1,400+ other US stocks.
In other recent news, Par Pacific Holdings Inc. reported strong financial results for the second quarter of 2025. The company posted earnings per share of $1.54, significantly exceeding the forecasted $0.65. Additionally, Par Pacific’s revenue reached $1.89 billion, surpassing the anticipated $1.57 billion. These earnings and revenue results highlight the company’s financial performance during this period. Despite the positive financial outcomes, other factors influenced the company’s stock performance. Investors may find these developments noteworthy as they assess Par Pacific’s recent activities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.